South Korea Removes Minimum Limit for Crypto Travel Rule

South Korea is stepping up its crypto oversight by removing the previous limit for its Travel Rule. Before this change, crypto service providers only had to share sender and receiver information for transactions worth more than 1 million won. Now, every single transfer between registered platforms will require this data exchange.

The move aims to close gaps in the current system and make it easier for authorities to track digital asset movements. By requiring information sharing for even the smallest transactions, the government hopes to better prevent money laundering and other illegal activities within the local market.

For traders in South Korea, this means more transparency and less privacy for small moves. Exchanges will now be responsible for collecting and exchanging details for every transaction regardless of its size. This change shows how serious South Korea is about bringing its crypto market in line with traditional financial standards.